Hello, What is a Central Discontinuance fund? 1. Can you please guide me which chapter can I refer to for any core reading on this? 2. On a separate note. What is the purpose of this fund? Why is it established? And under which circumstances would you set it up? Regards, Minal
This is a fund which insurance companies/schemes contribute to in order for there to be a fund established to pay for a failed scheme or insurance company. Kind of like the situation where we all pay taxes and if a bank were to fail the government may step in and provide funding to the bank.
